GUANGZHOU, China — World Brand Lab has ranked GRG Banking Equipment Co. Ltd. among the top 500 most valuable brands in China for 2009.

According to a news release, World Bank made the announcement after analyzing GRG's enterprise financial reports, market value and brand recognition.  

GRG ranked in the 359th place, with a value of RMB 2 billion (U.S. $29 million), making it the only company in the financial self-service industry to make the list. Industrial and Commercial Bank of China topped the list, followed by China Grid, CCTV, China Mobile and China Life Insurance.

GRG